Today, Sally Floyd died. Sally was one of the inventors of Random Early Detection - an improvement to the network queuing system employed by routers around the net during periods of high congestion. There are lessons here for those of us in Bitcoin.
Those who would criticize Bitcoin for its current limitations of transaction throughput would be wise to remember that well into the 1980's, the internet frequently experienced a period of huge degradation in performance known as a congestion collapse. Those detractors who would have claimed the internet a failure 40 years for such limitations will find themselves in the company of those who point to Bitcoin's current transactional limitations as indication of its doom. The technology continues to improve, transactional limitations are being solved through numerous and well-publicized areas of research.
We tip our hats both to people like Ms. Floyd, and her contemporaries, who diligently work to build upon existing technology to improve scale, wherever the challenge may lie.
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